Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023 – Mining Bitcoin News

The network's difficulty now stands at 48.71 trillion, marking a 22.62% increase over the last 55 days since Bitcoin block height 778,176.

What are your thoughts on the continuous rise in Bitcoin’s network difficulty and its impact on the mining industry? Do you think we will see more miners dropping out, or will new miners join the race to keep up with the increasing difficulty? Share your insights in the comments below.Jamie Redman is the News Lead at Bitcoin.

com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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